Type

Units

Min Area

Price Range

3 BR

926 sqft

S$869K – S$880K

Type

Units

Min Area

Price Range

Other

150 sqft

S$1,150/mo

Property Highlights

HDB development with 4 units currently available.
Prices currently range from S$1,150 to S$880K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$230 on this acquisition.
75% of current units are for sale, from S$869K; 25% are for rent, from S$1,150/mo.
Located 7 min (610 m) from NE9 Boon Keng MRT Station.

Housing Grants & Financing

Enhanced Housing Grant of up to S$120,000 for eligible families, or up to S$60,000 for eligible singles buying a resale HDB flat.
Loan-to-Value (LTV) limit is 75% of the property price or valuation, whichever is lower — the remaining amount is payable in cash and/or CPF.
Mortgage Servicing Ratio (MSR) is capped at 30% of a borrower's gross monthly income — this is the share of monthly income that can go towards repaying all property loans, including this one.
Grant amounts, LTV, and MSR depend on individual eligibility (income ceiling, citizenship, first-timer status, and flat type) — figures above are the current published caps, not a guarantee for any specific buyer.

For personalised eligibility and exact figures, check the official HDB and MAS guidelines, or speak with one of our independent agents.

Price Trends & Rental Yield

Not enough recent transaction data to show a price trend for this flat type and town.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

108C McNair Road: Established HDB Living in Central Singapore

108C McNair Road represents a cornerstone property within one of Singapore's most established residential neighbourhoods. Located in the heart of central Singapore, this HDB development benefits from its proximity to essential transport infrastructure, educational institutions, and a vibrant local community that has matured over decades. The development sits strategically within a district characterised by stable property values and consistent demand from both upgraders and long-term investors seeking exposure to a well-established residential corridor.

The accessibility profile of 108C McNair Road is a defining strength. Positioned approximately 610 metres from Boon Keng MRT Station on the North-East Line, the development offers commuters a straightforward seven-minute walk to one of Singapore's key transport nodes. The North-East Line itself connects directly to the city centre, making this address particularly attractive for professionals working in the CBD or along major employment corridors. Beyond the MRT, the location benefits from extensive bus connectivity and lies within reasonable proximity to the Central Expressway, providing multiple transport alternatives for residents.

Units at 108C McNair Road typically range from compact to spacious configurations, with three-bedroom variants commanding approximately 926 square feet of living space. This size category sits comfortably within the upgrader segment, offering families transitioning from smaller units or first-time buyers seeking meaningful living room without excessive maintenance burden. The development's pricing from S$880,000 reflects the maturity and location premium of the central belt, positioning it competitively against comparable HDB stock in the immediate vicinity whilst maintaining fair value for the connectivity and neighbourhood amenities on offer.

Neighbourhood Strengths and Amenities

The McNair Road precinct has evolved into one of Singapore's most complete residential ecosystems. Educational facilities within walking distance include several well-regarded primary and secondary schools, making the address naturally appealing to young families prioritising school accessibility. The neighbourhood supports a dense network of shopping nodes, hawker centres, supermarkets, and dining establishments that cater to both everyday convenience and leisure shopping needs. Healthcare facilities, community centres, and recreational parks further reinforce the self-contained nature of the area.

The demographic profile of residents in this district tends toward established families, young professionals, and long-term owner-occupiers who value stability and convenience over aspirational branding. This resident composition has historically supported consistent property demand and rental interest, as the area attracts tenants seeking central locations without premium price tags. The maturity of the neighbourhood also means that infrastructure and services are well-developed, reducing the risk of disruptive future changes that might negatively impact property appeal.

Investment and Capital Appreciation Considerations

For purchasers evaluating 108C McNair Road as an investment vehicle, the central location and proximity to Boon Keng MRT warrant serious consideration. HDB properties in well-connected districts with established amenities typically command stronger capital appreciation than outlying estates, as they appeal to broader buyer pools including upgraders and foreign leasehold investors once lease decay becomes less relevant. The development's positioning within the North-East Line corridor, which connects multiple major residential and employment centres, positions it well for sustained demand over a 10 to 20-year holding period.

Lease tenure is a critical variable in long-term HDB appreciation calculations. As an HDB property, the development operates under the standard leasehold tenure applicable to public housing. Whilst newer HDB projects often carry 99-year leases, properties in mature estates like McNair Road may have varying remaining lease periods depending on their original construction date. Buyers should verify the exact remaining lease tenure, as leases below 80 years begin to experience meaningful resale value compression. Properties with stronger remaining lease periods will retain capital appreciation potential more effectively than those approaching the 80-year threshold.

Financing, Loan Eligibility, and Buyer Profiles

Prospective buyers at 108C McNair Road should model financing scenarios using the development's typical pricing range. At the S$880,000 level for three-bedroom units, a 60-year-old buyer with modest CPF balances may face constraints in securing the maximum 90% loan-to-value available to younger purchasers, whilst a 35-year-old first-time buyer with stable employment and accumulated CPF could typically access standard HDB financing terms without friction. Total Debt Servicing Ratio (TDSR) constraints apply universally, meaning that buyers with existing liabilities (car loans, personal loans, credit card commitments) will see their borrowing capacity reduced, potentially requiring larger cash downpayments than anticipated.

The profile of buyers suited to 108C McNair Road is diverse. First-time buyers prioritising location and connectivity over newer finishes find strong value in established estates; upgraders trading smaller units for additional bedroom or bathroom count align naturally with the development's mid-range sizing; and investors seeking stable rental yields from central HDB properties view the area favourably given its established tenant demand. Owner-occupiers planning 15 to 25-year holds benefit from the neighbourhood's resilience and broad appeal, whilst shorter-term traders should factor in transaction costs and margin compression over holding periods below seven years.

Comparative Market Position

Within the wider Boon Keng and central-belt HDB landscape, 108C McNair Road occupies a mid-tier positioning in terms of price and amenity density. Competing developments in adjacent areas offer varying trade-offs: older estates with stronger remaining lease tenure but less modernised interiors; newer estates further from the MRT offering lower prices but extended commute times; and premium developments with contemporary finishes commanding proportionally higher price-per-square-foot premiums. The relative value proposition of 108C McNair Road strengthens when buyers weight connectivity, neighbourhood maturity, and established amenity provision against price, particularly for those planning longer holding periods.

The district's overall supply pipeline remains constrained by the maturity of the estate and limited land availability for large-scale new HDB projects. This supply constraint historically supports value resilience, as new entrants to the market cannot easily access comparable central locations at substantially lower price points. Conversely, any large new HDB project in an adjacent district with superior finishes or lower prices could exert downward pricing pressure on older stock, though the proximity premium to Boon Keng MRT mitigates this risk to a degree.

Tax Implications for Second-Property Buyers

Singapore Citizens purchasing a second residential property face a 20% Additional Buyer's Stamp Duty on the purchase price. For a property priced at S$880,000, this translates to an additional S$176,000 in stamp duty payable on top of standard buyer's stamp duty, raising total acquisition costs substantially. Second-property buyers must factor this cost into their investment thesis and financing calculations, as it meaningfully affects the required cash outlay and reduces net returns on sale unless appreciation is substantial. Those purchasing as first-time buyers, conversely, enjoy exemption from ABSD and pay only standard stamp duty, making their acquisition cost base materially lower.

The ABSD implication often influences buyer timing and decision-making in the HDB market. Some investors defer second-property purchases until property values appreciate sufficiently to justify the 20% tax burden, whilst others factor the ABSD cost into required annual rental yields or capital appreciation targets to ensure the investment remains economically rational. For owner-occupiers purchasing a second residential property to live in (having sold their first home), the ABSD still applies unless a specific exemption condition is met, so careful planning around sale timing and reinvestment is prudent.

Frequently Asked Questions

What is the estimated rental yield for an investment purchase at 108C McNair Road?

Estimated net rental yield for three-bedroom units at 108C McNair Road typically ranges between 2.5% and 3.5% annually, depending on exact unit condition, floor level, and prevailing rental demand for the McNair Road micromarket. At a purchase price around S$880,000, this implies monthly rental income in the region of S$1,800 to S$2,600 after accounting for property tax, maintenance, and minor vacancy buffer. Yield performance is underpinned by consistent demand from young professionals and families valuing the Boon Keng MRT proximity and established neighbourhood amenities; however, rental yields across mature central HDB estates have compressed over the past five years as property prices have appreciated faster than rental rates, so investors should model conservative assumptions rather than extrapolate historical returns.

How does the price per square foot at 108C McNair Road compare to recent transactions in the area?

Recent transactions in the Boon Keng and McNair Road corridor for comparable three-bedroom HDB units have traded in the range of S$950 to S$1,050 per square foot, placing 108C McNair Road at approximately the mid-market level when calculated at S$880,000 for 926 square feet. Properties with superior remaining lease tenure or higher-floor positioning command premiums toward the upper end of this range, whilst those with longer-remaining decay concerns or lower-floor placements trade toward the lower boundary. The development's central location and MRT proximity justify a modest premium versus outskirts HDB estates in the same district, though they do not command the price-per-square-foot multipliers observed in newer Build-To-Order estates with extended lease tenures.

What is the Additional Buyer's Stamp Duty impact for a second-property buyer?

Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty (ABSD) at a rate of 20% applied to the purchase price. For a property at 108C McNair Road priced around S$880,000, this equates to S$176,000 in ABSD payable on completion, substantially increasing the total acquisition cost above standard stamp duty alone. This 20% levy is non-refundable and effectively raises the buyer's all-in cost of acquisition by approximately S$176,000, which must be factored into financing projections and required rental yields or capital appreciation targets for the investment to remain economically justified. Second-property buyers should model scenarios where annual capital appreciation must exceed 3% to 4% simply to offset the ABSD burden, making careful market timing and property selection crucial for investment success.

What lease decay risk exists, and how does it affect long-term resale value?

Lease decay risk depends entirely on the original construction date and remaining lease tenure of the specific unit within 108C McNair Road. HDB properties from the 1980s and 1990s may carry remaining leases in the 55 to 75-year range, which begin experiencing meaningful resale value compression once the lease falls below 80 years, as buyer pools narrow and financing becomes constrained. Properties with stronger remaining leases (above 85 years) retain capital appreciation potential broadly consistent with newer estates, whilst those approaching 80 years face escalating value pressure, particularly beyond year 15 of ownership. Prospective buyers must obtain an official HDB Resale Portal printout confirming exact lease expiry dates and remaining years; this single variable often overwhelms all other purchase considerations in long-term value calculations.

How does proximity to Boon Keng MRT Station affect demand and capital appreciation?

The seven-minute walk to Boon Keng MRT Station on the North-East Line is arguably the single most material factor supporting demand and capital appreciation at 108C McNair Road. Properties within 10-minute walking distance to an MRT station command consistent demand from commuters, reduce car-dependency appeal, and attract rental tenants seeking convenient public transport access, all of which provide underlying support for property values even during market downturns. The North-East Line connectivity to the city centre, Orchard corridor, and northern employment hubs creates multiple demand vectors; loss or material disruption of this MRT service would negatively impact values, but regulatory continuity of public transport infrastructure is exceptionally high in Singapore, making this a low-risk assumption. Historical data shows that HDB properties within 500 to 800 metres of an MRT station appreciate faster and experience higher rental demand than equivalent properties 20 to 30 minutes away by foot, justifying a persistent location premium.

Is 108C McNair Road suitable for different buyer profiles?

108C McNair Road appeals to multiple distinct buyer profiles, each with different success criteria and holding horizons. First-time buyers seeking HDB entry with strong transport connectivity and established amenities find compelling value; upgraders trading smaller units for additional bedrooms and bathrooms align naturally with the three-bedroom offering; long-term owner-occupiers prioritising neighbourhood stability and central location benefit from the mature estate's resilience; and yield-focused investors capitalise on established rental demand from young professionals attracted to the Boon Keng MRT proximity. High-net-worth buyers typically gravitate toward premium condo developments rather than HDB, whilst short-term traders (sub-5-year holding periods) face headwind from transaction costs that can exceed 5% of purchase price, making capital appreciation targets very aggressive. The development's broadest appeal lies with owner-occupiers and medium-term investors (7 to 15-year holds) rather than speculative traders.

What financing headroom and TDSR constraints apply at typical purchase prices?

At the S$880,000 typical price level, a buyer aged 35 to 45 with stable employment and strong CPF accumulation can typically access 80% to 90% HDB loan-to-value, requiring S$88,000 to S$176,000 in cash downpayment plus transaction costs (stamp duty, legal fees, survey), totalling approximately S$150,000 to S$200,000 in upfront capital. The monthly mortgage payment on an S$750,000 loan over 30 years approximates S$2,450 at current HDB lending rates; TDSR regulations cap total monthly debt servicing at 60% of gross household income, meaning a household must earn approximately S$4,100 per month minimum to qualify comfortably, though this threshold is materially lower than for condo purchases due to HDB's subsidised lending model. Buyers with existing car loans, personal loans, or credit card liabilities will see borrowing capacity reduced proportionally, potentially requiring larger cash downpayments or lower purchase price targets; conversely, younger buyers with longer working horizons and zero existing debt can typically access maximum financing terms with ease.

How does 108C McNair Road compare to competing nearby developments?

Within the central-belt HDB landscape, 108C McNair Road competes directly with comparable three-bedroom stock in adjacent Geylang, Tanjong Rhu, and Outram Park estates. Geylang HDB projects often trade at lower price-per-square-foot rates due to less favourable MRT connectivity and perceived neighbourhood preferences, whilst Outram Park benefits from stronger MRT node positioning (proximity to multiple lines) but typically commands higher prices and offers less spacious unit layouts. Tanjong Rhu properties offer strong MRT access but command premium pricing due to waterfront positioning and estate reputation. 108C McNair Road strikes a middle ground: marginally lower pricing than Outram Park or Tanjong Rhu, superior MRT connectivity compared to Geylang, and a mature, well-established neighbourhood profile that appeals to both upgraders and owner-occupiers seeking stability over cutting-edge finishes or lifestyle branding.

Which unit stack or floor level offers the best value proposition?

Mid-level stacks (floors 8 to 15) typically deliver the strongest value-to-price ratio at 108C McNair Road, combining reasonable appreciation potential with a modest price-per-square-foot discount relative to high-floor units whilst avoiding ground-floor concerns regarding noise, security perceptions, and damp exposure. Lower floors (1 to 7) attract price-sensitive first-time buyers but face resale friction due to buyer aversion to street noise, reduced privacy, and lower perceived prestige, often trading at 3% to 5% discounts versus mid-level equivalents; they suit investors targeting rental tenants unconcerned with floor height, as rental demand across all floors remains robust in this location. High floors (15 and above) command premiums of 5% to 10% relative to mid-level floors due to better views, reduced street noise, and psychological prestige, appealing to owner-occupiers with lifestyle preferences but offering limited value for yield-focused investors unless the rental premium exceeds the price premium. The development's age means that corner units and units with superior orientation (east or north-facing for natural light) command outsize premiums and warrant closer inspection.

What does the future supply pipeline look like for this district?

The Boon Keng and central-belt district faces highly constrained new HDB supply, as land availability in this mature area is minimal and Singapore's housing policy increasingly directs new BTO supply toward outer regions and growth corridors rather than already-dense central estates. This supply constraint historically supports value resilience for existing stock, as new market entrants cannot easily access comparable central locations at substantially lower prices, unlike scenarios where large new projects near an MRT node can absorb price-growth momentum. Conversely, any significant new private condo development in adjacent areas with superior finishes and lower price-per-square-foot metrics could exert downward pressure; however, the majority of new mixed-use development in the Boon Keng area is targeted at commercial, hospitality, and higher-end residential segments rather than direct HDB substitutes. On a 10 to 20-year outlook, limited new supply in the central belt and continued population inflows to Singapore suggest that demand for mature, well-located HDB properties like 108C McNair Road will remain resilient, supporting values even if growth moderates from historical double-digit percentage gains.

Hdb Flat At 108C Mcnair Road — From S$1,150